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Dave Forest

Pierce Points Daily E-Letter

Contributor since: 29 Sep 2011

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

Latest articles from Dave

  • Why Qatar is a Threat to Natural Gas Prices

    Published 25 November 2010 | viewed 12,787 times

    The world is seeing an unprecedented build-out in liquified natural gas (LNG) capacity. Look at the chart below, from energy advisors Point Carbon. In 2009,…

  • India Preps for an Energy Grab

    Published 24 November 2010 | viewed 8,119 times

    We've heard a lot the last year or two about the race to secure natural resources between Asian nations like China, Japan and Korea. Get…

  • The Genius Behind Successful Resource Companies

    Published 23 November 2010 | viewed 6,348 times

    I've been reviewing several new project opportunities this week, in both minerals and petroleum. It's got me thinking about genius. Good resource companies have some…

  • Is China Betting Against a U.S. Housing Recovery

    Published 22 November 2010 | viewed 18,368 times

    This just might be chart of the year. Chinese buying of U.S. government agency bonds. Data released last week show buying fell off a cliff…

  • Natural Gas Producers Squeezed by High Costs and Low Prices

    Published 21 November 2010 | viewed 7,629 times

    It's hard to believe, but just ten years ago $2/mcf was a pretty good natural gas price. North American gas sold for around that level…

  • If You Think Gold is Just a Dollar Thing

    Published 18 November 2010 | viewed 21,733 times

    There's a lot of speculation these days about the gold price. One of the favorite theories is dollar weakness. The rising gold price is caused…

  • Platinum: Good Prices Are Not Enough

    Published 17 November 2010 | viewed 19,115 times

    Platinum gurus Johnson Matthey published their 2010 Interim Review of the platinum market yesterday. A big event in that part of the mining space. The…

  • The Bond Liquidation is On

    Published 16 November 2010 | viewed 5,524 times

    Big jumps in yields on U.S. Treasury bonds over the past week. Check out the one-year Treasury. Yields are up 30% since November 8. To…

  • Natural Gas Opportunities Beckon in Asia

    Published 15 November 2010 | viewed 6,963 times

    Natural gas is a broken global market. For oil, there's enough import-export capacity worldwide that global prices tend to align closely. In natgas, global markets…

  • Another Reason to Keep Watching Asian Coal

    Published 12 November 2010 | viewed 6,473 times

    I've been saying for awhile that Asian coal is the place to be. Yet another indicator this week. Thai energy major PTT announced a deal…

  • Unbelievable Open Interest in Silver on the Tokyo Commodity Exchange

    Published 11 November 2010 | viewed 36,294 times

    I know I've been harping a lot about this, but the chart just keeps marching unbelievably upward. Over the last two days, open interest jumped…

  • What Do China's Aluminum Sales Mean?

    Published 10 November 2010 | viewed 6,028 times

    China has started (slowly) selling its considerable stockpiles of base metals. The National Development and Reform Commission announced this week it sold just under 96,000…

  • Here's an Unexpected Shale Gas Play

    Published 09 November 2010 | viewed 8,065 times

    Argentina. - U.S. producer Apache said Friday it plans to drill a well by year-end to test shale gas potential in the La Calera field of…

  • What Will Cause the Next Crisis?

    Published 08 November 2010 | viewed 5,111 times

    It's not going to be another Lehman. A failure of a bank or major corporation won't cut it anymore. Governments globally have shown they're willing…

  • New Japanese Monetary Policy could Cause Commodity Prices to Rise

    Published 05 November 2010 | viewed 5,221 times

    It's official. The Bank of Japan today announced specifics for direct purchasing of Japanese exchange traded funds (ETFs) and real estate trusts (J-REITs). As part…

  • Where Will the Cash End Up

    Published 03 November 2010 | viewed 7,176 times

    We're a few hours away from the Federal Reserve's expected announcement of more quantitative easing for America. The general expectation is the Fed will buy…

  • Foreigners Buy $117 Billion in Treasuries During August

    Published 20 October 2010 | viewed 4,847 times

    The U.S. bond market is murky these days. Yields have been plummeting. But some of the action is almost certainly due to the Federal Reserve…

  • The Unconventional Gas Red Zone

    Published 20 October 2010 | viewed 7,105 times

    Great chart from PFC Energy. Presented at an Institute of Energy Economics, Japan seminar last month. The piece shows the "red zones" in global unconventional…

  • What Do Katy Perry and Eminem Have in Common?

    Published 19 October 2010 | viewed 8,847 times

    Answer: both were quoted in the keynote speech last week by U.S. Commodity Futures Trading Commission (CFTC) commissioner Scott O'Malia, at the 13th Annual Energy…

  • Growing Competition for Natural Resources Leads to Daily Pricing for Alumina

    Published 18 October 2010 | viewed 8,281 times

    We've all heard the lines about increasing global competition for natural resources. The world is not the same as it was ten or even five…

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